Indices closed UP.
S&P 500 @ 1915.45, high 1927.35, low 1900.52
RSI @ 45.92
CMF @ 0.066
Internals were :
UP volume led by 2.38 to 1 in NYSE & 1.94 to 1 in Nasdaq
Advancing stocks led by 1.79 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk lows were leading by 3 in NYSE & 71 in Nasdaq
VIX UP .88% @ 21.84
Oil @ $31.72
Gold @ $1157.50
Stocks which closed UP 1% or more included CNQ JKS
SPWR FSLR CSIQ TWTR PCLN FIT NXPI YHOO
DNKN EXPE FFIV VDSI BABA YELP MU ZG
AMCC CIEN TSLA FEYE AMBA AAL ABX
SLW GG AEM CCJ CRUS DATA CSOD
ORCL MS GS VRX CTRP AGU TRIP
MLNX.....
AH ER...SPLK Down 9.11%, SWIR Down 22.87%
LNKD Down 28.65%, DATA Down 35.79%
LNKD Reported A beat in Q4 in both Sales & EPS
Guided lower Sales & EPS in Q1 & for entire 2016.
In my portfolio during AH :
Sold LNKD @ $137
Added 30% FB @ $109.38, 2nd buy of the day
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE fought its way against low oil prices and closed UP, this back to back gain confirms this V bottom & uptrend. Tonight IBD saying " markets in confirmed uptrend"...Friday @ 8.30 AM it is all about jobs, 190K is expectations, they may come below this number which may propel this market higher. Oil had an orderly pullback today and may be ready to hold the line or move higher, this is what this market likes. Friday has a closing BLOG only around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
I think though the jobs number was very negative for the market, almost signaling a high level of tightening in labor.
Sold LNKD @ 126.70
Sold BBRY @ 7.35
Sold RLYP @ 18.13
Working on selling TREE, and will evaluate the rest of my stocks throughout the day. I wanted to get the most speculative/highest P/E out of the way quickly.
Stocktrader
Hi Saleem,
I couldn't get rid of TREE at a price I liked, and still have some speculative exposure in FIT and WLH, so I added TZA @ 61.47
Stocktrader
Hi Stocktrader,
Market is in total turmoil.
Good news is bad news is the mantra.
Good luck with your strategy and with TZA.
Saleem
I also feel that the market may go down. Every bounce is an opportunity to sell. GL
Joseph
Hi Saleem,
The weekly rig count is really staring me in the face right now. We have cut so many rigs from last year at this time. I really think a bottom in oil might be forming. I will spend time over the weekend decided what to do about that. It could be a nasty mix where the Fed sees oil ticking back up and deciding to really go forward on interest rate rises...
Stocktrader
Hi Stocktrader,
I believe oil has seen it's low and has found support.
CNQ is my 3rd largest position and is near my purchase price.
SU had written off couple of billions two days ago and had huge loss..guess what it closed UP.
Bad news are all factored in oil stocks.
Good luck with your homework.
Saleem
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